Simon Quick Advisors LLC Has $221,000 Holdings in Carrier Global Co. (NYSE:CARR)

Simon Quick Advisors LLC grew its holdings in Carrier Global Co. (NYSE:CARR) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,235 shares of the company’s stock after buying an additional 167 shares during the period. Simon Quick Advisors LLC’s holdings in Carrier Global were worth $221,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerity Partners LLC lifted its holdings in Carrier Global by 39.0% during the 3rd quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock valued at $11,013,000 after purchasing an additional 38,365 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Carrier Global by 12.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock worth $8,084,000 after buying an additional 11,032 shares during the last quarter. Miracle Mile Advisors LLC bought a new stake in shares of Carrier Global during the 4th quarter worth about $2,213,000. Sheaff Brock Investment Advisors LLC acquired a new position in Carrier Global in the 3rd quarter valued at about $1,068,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Carrier Global in the 3rd quarter valued at about $793,000. 91.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CARR has been the topic of several research reports. Citigroup decreased their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Stephens decreased their price objective on Carrier Global from $85.00 to $80.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. The Goldman Sachs Group initiated coverage on Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 target price for the company. UBS Group upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Wednesday, November 13th. Finally, Bank of America lifted their price objective on shares of Carrier Global from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $83.93.

Carrier Global Price Performance

Shares of CARR stock opened at $70.05 on Friday. Carrier Global Co. has a twelve month low of $53.13 and a twelve month high of $83.32. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.69. The business has a fifty day simple moving average of $71.50 and a 200 day simple moving average of $72.37. The company has a market cap of $62.85 billion, a P/E ratio of 17.74, a P/E/G ratio of 2.26 and a beta of 1.36.

Carrier Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, December 20th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, December 20th. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a dividend yield of 1.28%. Carrier Global’s payout ratio is 22.78%.

Carrier Global announced that its Board of Directors has authorized a share repurchase plan on Thursday, October 24th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 4.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Carrier Global Profile

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.